Iola will send a notice to Gas that it intends to terminate a water purchase agreement between the two cities.
The termination, it should be noted, will not take effect until 2031, giving the cities 15 years to decide whether to renegotiate.
The unusual notification came about because Gas has resisted Iola’s intentions earlier this year to raise its water rates.
At issue is the agreement, ratified in 2001, that limits the amount of times — six — Iola can raise the price of treated water it sells to Gas over the 30-year pact.
Because of increased costs…
Iola will end water contract with Gas (in 2031)
